World
Alibaba says its AI spending in e-commerce is already breaking even
Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years. CNBC | Evelyn Cheng SHANGHAI — Chinese tech giant Alibaba is already recouping its investment on artificial intelligence in the company’s e-commerce business, vice president Kaifu Zhang told reporters on Thursday. The Chinese tech giant […]
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Swiss government slashes growth outlook as Trump tariffs put ‘heavy burden’ on economy
Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year, […]
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Nio shares plunge 9% after Singapore’s GIC accuses Chinese EV maker of inflating revenue
The Nio logo is seen at the Nio booth at the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025. Nurphoto | Nurphoto | Getty Images Hong Kong-listed shares of Nio plunged nearly 9% after Singapore’s sovereign wealth fund GIC sued the Chinese electric vehicle maker for allegedly […]
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PayPal’s crypto partner mints a whopping $300 trillion stablecoins in ‘technical error’
FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | Reuters Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” Market watchers had spotted […]
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Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs
Jars of Nescafe Instant coffee, part of food giant Nestle’s portfolio, sit on a supermarket shelf in Encinitas, California, U.S., September 2, 2025. Mike Blake | Reuters Nestle said Thursday it will cut 16,000 jobs as the firm’s new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant. In a bid […]
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Top European Central Bank board members see sticky inflation but clear rate path
Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images European Central Bank Governing Council member Joachim Nagel said that while inflation will remain sticky, the current path for interest rates remains clear. Speaking […]
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CNBC’s Inside India newsletter: UPI’s global push: Exporting indigenous tech, and furthering economic strategy
Paytm, PhonePe, Google Pay (Gpay) and Bhim UPI QR Codes (Standee) are Kept outside for Cashless payments at a medical store in Gurugram on the outskirts of New Delhi, India on 16 May 2020. Nasir Kachroo | NurPhoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, […]
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UK economy sees meager growth of 0.1% in August, in line with expectations
Millennium Wheel And Skyline At Sunset. London, England. Design Pics Editorial | Universal Images Group | Getty Images The British economy expanded by a lackluster 0.1% in August, according to the latest figures from the Office for National Statistics. “Production grew by 0.4% in August 2025, whereas services showed no growth and construction fell by […]
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Flyers once viewed airport biometrics with fear and skepticism. Now they prefer it
Once viewed with fear and skepticism, airport biometric screenings are now preferred and even expected by global travelers, according to a report by the air transport technology company Sita. “The more passengers use it, the more they like it,” the report stated. Globally, the number of people who haven’t used biometric technology at airports dropped […]
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Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear
The India-flagged oil tanker Desh Ujaala is pictured in the Gulf waters near Al-Basrah Oil Terminal (ABOT), about 50 kilometres offshore of Iraq’s southern Faw peninsula, on August 5, 2025. Hussein Faleh | AFP | Getty Images U.S. President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi told him New Delhi will stop […]
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